AIMZ Investment Advisors LLC lessened its stake in Urban Outfitters, Inc. (NASDAQ:URBN) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,906 shares of the apparel retailer’s stock after selling 2,100 shares during the period. Urban Outfitters makes up about 1.6% of AIMZ Investment Advisors LLC’s holdings, making the stock its 19th biggest holding. AIMZ Investment Advisors LLC owned 0.06% of Urban Outfitters worth $2,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in shares of Urban Outfitters by 6.3% in the 3rd quarter. Legal & General Group Plc now owns 119,189 shares of the apparel retailer’s stock valued at $2,849,000 after purchasing an additional 7,046 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of Urban Outfitters in the 4th quarter valued at $414,000. Emerald Advisers Inc. PA purchased a new stake in shares of Urban Outfitters in the 4th quarter valued at $297,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Urban Outfitters by 42.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock valued at $179,000 after purchasing an additional 1,522 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Urban Outfitters by 11.8% in the 3rd quarter. Royce & Associates LP now owns 95,000 shares of the apparel retailer’s stock valued at $2,271,000 after purchasing an additional 10,000 shares in the last quarter. 76.74% of the stock is owned by institutional investors and hedge funds.
Urban Outfitters, Inc. (NASDAQ URBN) opened at $35.06 on Tuesday. Urban Outfitters, Inc. has a 1-year low of $16.19 and a 1-year high of $38.28. The company has a market cap of $3,800.00, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.33 and a beta of 0.56.
A number of equities research analysts have recently issued reports on URBN shares. Zacks Investment Research cut shares of Urban Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 6th. BidaskClub raised shares of Urban Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $28.00 price objective (up previously from $19.00) on shares of Urban Outfitters in a research note on Tuesday, November 21st. Buckingham Research upped their price target on shares of Urban Outfitters from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Telsey Advisory Group upped their price target on shares of Urban Outfitters from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Urban Outfitters presently has an average rating of “Hold” and an average target price of $30.85.
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Urban Outfitters Company Profile
Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.
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